BofA/Merrill Lynch downgraded Apple (Nasdaq: AAPL) from Buy to Neutral.

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Downgrades Hot Downgrades

Wall Street Jeers Apple's (AAPL) iPhone 5C PricingSeptember 11, 2013 8:53 AM Apple (AAPL) iPhone 5C Doesn't Mean 'Cheap' - Deutsche BankSeptember 11, 2013 8:33 AM Apple (AAPL) iPhone 5C Pricing is 'Key Disappointment' - Goldman SachsSeptember 11, 2013 8:26 AM Apple (AAPL) iPhone Event 'Historic' - Cantor Fitzgerald September 11, 2013 8:15 AM UPDATE: Apple (AAPL) PT Lifted to $550 at Canaccord GenuitySeptember 11, 2013 8:07 AM Choppy Trading Ahead for Apple (AAPL) - JefferiesSeptember 11, 2013 7:51 AM Apple (AAPL) PT Lifted to $480 at Nomura; Didn't Chase Lower EndSeptember 11, 2013 7:43 AM UBS Downgrades Apple (AAPL) to NeutralSeptember 11, 2013 7:39 AM Apple (AAPL) Stock Should Continue to Run; PT Raised - FBRSeptember 11, 2013 7:20 AM Apple (AAPL) iPhones Refresh Not a Major Catalyst - SusquehannaSeptember 11, 2013 6:55 AM UPDATE: Credit Suisse Downgrades Apple (AAPL) to NeutralSeptember 11, 2013 6:41 AM